Course

**CANCELLED** Accounting & Reporting for Not-for-Profit Organizations

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Event Details

Wednesday, November 13, 2019

8:00am – 4:00pm
(Registration: 7:30am)

Location

Holiday Inn

1100 5th St S

Great Falls, MT 59405

406-727-7200

Field of Study

  • Accounting

CPE Credit

8 hours CPE credit

Course Code

FSNPO-42

Instructor

Level of Knowledge

Intermediate

Vendor

AICPA

Prerequisites

Experience in the not-for-profit environment.

Description

Do you need to enhance your not-for-profit accounting skills? Through a case study-intense, highly interactive, classroom environment, this CPE course provides you with the tools necessary to go beyond the theory and create value-added services for your clients. This course allows you to examine, evaluate and perform case studies which will enhance your working knowledge of fundamental not-for-profit accounting and reporting, presentation requirements, note disclosures unique to not-for-profits and options allowed under generally accepted accounting principles. FASB’s financial statement standard updates and revenue recognition standards are included in this course.

Highlights

  • Financial statement presentation, including FASB’s financial reporting standard
  • Statement of activities
  • Statement of financial position and statement of cash flow
  • Note disclosures
  • Contribution concepts
  • Functional expense and allocation of costs
  • Endowments
  • Operating versus non-operating
  • Split interest agreements and beneficial trusts
  • Agency transactions
  • Programmatic investments
  • Common financial statement mistakes

Objectives

When you have completed this course, you should be able to:

  • Identify major components of accounting and reporting in not-for-profit organizations.
  • Recognize appropriate accounting for recording and recognizing contributions.
  • Identify concepts related to valuation of contributed services and promises received near year-end.

Designed For

Auditors, practitioners and accounting and finance professionals of not-for-profit organizations.

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